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Potential Altcoin Overhang Could Turn Into 'Unfortunate Snowball Effect' Amid FTX Concerns: Advisor
Bitcoin (BTC) jumped above $26,000 and reversed Monday's decline to three-month lows under $25,000, a move best described as a short squeeze. Tactive Wealth Advisor Eddy Gifford discusses his crypto markets outlook, as investors digest the possibility of FTX securing approval from bankruptcy court to sell assets from its $3.4 billion of cryptocurrency holdings.

Coinbase Prime Web3 Wallet Gives Institutions a Way to 'Interact With On-Chain Applications,' Exec Says
Coinbase Prime is debuting an institutional-grade Web3 Wallet, which includes features like managing NFT collections and voting on DAO governance. Coinbase's Vice President of institutional sales and trading Kevin Johnson discusses the launch and the offerings for institutional clients. Plus, a closer look at how the crypto exchange is navigating the U.S. crypto regulatory landscape.

Vitalik Buterin's X Account Is Hacked; Altcoins Start Week in the Red
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including an update on Ethereum founder Vitalik Buterin's X account getting hacked. Ripple’s XRP token has dropped over 5% in the past 24 hours. Coinbase clarifies its stance on operations in India. And, the former CEO of Algorand is set to lead a company that will take over bankrupt crypto lender Celsius’ operations.

Crypto Liquidity Heavily Concentrated on Handful of Exchanges: Kaiko Data
Liquidity, as measured by trade volume and market depth, appears to be heavily concentrated on just a handful of platforms, according to Kaiko data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

dYdX Foundation Exec on Plans to Offer Decentralized Order Book Exchange
dYdX is gearing up to introduce decentralized order books within its exchange. dYdX Foundation's vice president of strategy David Gogel discusses the move, along with a new report outlining the future of the dYdX ecosystem.

XRP Drops 5% as SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling
Ripple’s XRP token has dropped over 5% in the past 24 hours, falling below $0.50 for the first time since July 13. This comes as the Securities and Exchange Commission (SEC) has further argued the need for a mid-case appeal over the finer points of law in its dispute with Ripple. CoinDesk's global policy and regulation managing editor Nikhilesh De weighs in on the latest legal developments.

Animoca Brands Raises $20M to Advance its Metaverse Project Mocaverse
Metaverse and gaming venture capital firm Animoca Brands has raised $20 million from a group of other prominent Web3 investors for its Mocaverse project. "First Mover" host Jennifer Sanasie and The Tie director of content Lawrence Lewitinn discuss the state of metaverse and blockchain gaming, as crypto winter drags on.

FTX Founder Sam Bankman-Fried’s Attorneys Fire Back at Prosecutors Over Laptop Access
Attorneys for Sam Bankman-Fried are clapping back at the Department of Justice in a new memo Friday, claiming prosecutors exaggerated the amount of access FTX founder really has to defense material. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the arguments in the letter and whether Bankman-Fried has a chance to be released from jail ahead of his trial in October.

Bitcoin Price Lingers Under $26K as Traders Remain 'Apathetic' Towards Crypto Right Now: Strategist
Bitcoin (BTC) remains under $26,000 as investors await fresh U.S. economic data this week. Quinn Thompson, Maple head of growth and capital markets, discusses his crypto markets analysis and outlook. "It feels that the economy is not as weak as people might be thinking," Thompson said. "We've probably seen a local bottom in inflation."

Ethereum's Vitalik Buterin Outlines Way for Blockchain 'Privacy Pools' to Weed Out Criminals
Vitalik Buterin, co-founder of the Ethereum network, and four co-authors published a research paper last week, detailing a new technological feature called "privacy pools" and how it can be applied to blockchain protocols to distinguish honest users from criminals. Chainalysis chief scientist Jacob Illum, who is one of the co-authors, discusses the key takeaways. "The goal is try to bring forward technologies that can bring more people into the blockchain space," Illum said.
